ZIP 60016 Housing Market Report
Chicago Metro
Report period: March 2026
60016 Monthly Market Update – March 2026
ZIP 60016 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$339,900
−0.0%
Median DOM (Sales)
21
−22.2%
New Listings (Sales)
25
−53.7%
Median Rent
$1,800
0.0%
Median DOM (Rental)
49
+2.1%
Total Rental Listings
136
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable.
What's Moving Fastest
- Fastest selling: Multi-Family (8 DOM)
- Fastest renting: Single Family (27 DOM)
- Strongest bedroom: 8 Beds ($785,000 median)
Sales Market Overview
Median Price
$339,900
−0.0%
Median DOM
21
−22.2%
New Listings
25
−53.7%
Inventory
179
+6.5%
- Average Price: $360,207
- Median Price: $339,900
- Price Range: $95,000 – $1,790,000
- Price per Sq Ft (Avg/Median): $241 / $233
- Square Footage (Avg/Median): 1,498 / 1,379
- Square Footage Range: 670 – 6,000
- Days on Market (Avg/Median): 44 / 21
- Days on Market Range: 2 – 269
- New Listings: 25
- Total Listings: 179
Sales by Property Type
Condo
Avg/Median Price$261,886 / $236,500Range$140,000 – $525,000Price per Sq Ft$221 / $220Sq Ft1,170 / 1,080DOM41 / 21New10Total85
Land
Avg/Median Price$449,789 / $330,000Range$95,000 – $1,790,000Price per Sq Ft—Sq Ft—DOM123 / 99New0Total9
Multi-Family
Avg/Median Price$880,000 / $785,000Range$785,000 – $975,000Price per Sq Ft—Sq Ft—DOM12 / 8New0Total2
Single Family
Avg/Median Price$459,316 / $450,000Range$284,900 – $995,000Price per Sq Ft$272 / $270Sq Ft1,833 / 1,639DOM35 / 9New12Total63
Townhouse
Avg/Median Price$373,589 / $367,000Range$250,000 – $489,900Price per Sq Ft$222 / $226Sq Ft1,706 / 1,645DOM49 / 41New3Total20
Sales by Bedroom Count
1 Beds
Avg:$176,742Median:$172,900Range:$140,000 – $229,000PSF:$216 / $200Sq Ft:849 / 850DOM:64 / 29New:2Total:14
2 Beds
Avg:$290,478Median:$290,000Range:$159,899 – $675,000PSF:$236 / $226Sq Ft:1,215 / 1,150DOM:37 / 21New:9Total:78
3 Beds
Avg:$402,903Median:$399,900Range:$250,000 – $525,000PSF:$254 / $250Sq Ft:1,644 / 1,552DOM:39 / 13New:7Total:51
4 Beds
Avg:$524,524Median:$525,000Range:$389,900 – $975,000PSF:$248 / $240Sq Ft:2,163 / 2,000DOM:28 / 8New:6Total:20
5 Beds
Avg:$504,679Median:$429,000Range:$365,000 – $759,715PSF:$245 / $210Sq Ft:2,138 / 2,200DOM:42 / 22New:1Total:4
6 Beds
Avg:$727,500Median:$460,000Range:$460,000 – $995,000PSF:$174 / $166Sq Ft:4,262 / 2,525DOM:70 / 20New:0Total:2
8 Beds
Avg:$785,000Median:$785,000Range:$785,000 – $785,000PSF:—Sq Ft:—DOM:15 / 15New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $176,742 | $172,900 | $140,000 – $229,000 | $216 / $200 | 849 / 850 | 64 / 29 | 2 | 14 |
| 2 Beds | $290,478 | $290,000 | $159,899 – $675,000 | $236 / $226 | 1,215 / 1,150 | 37 / 21 | 9 | 78 |
| 3 Beds | $402,903 | $399,900 | $250,000 – $525,000 | $254 / $250 | 1,644 / 1,552 | 39 / 13 | 7 | 51 |
| 4 Beds | $524,524 | $525,000 | $389,900 – $975,000 | $248 / $240 | 2,163 / 2,000 | 28 / 8 | 6 | 20 |
| 5 Beds | $504,679 | $429,000 | $365,000 – $759,715 | $245 / $210 | 2,138 / 2,200 | 42 / 22 | 1 | 4 |
| 6 Beds | $727,500 | $460,000 | $460,000 – $995,000 | $174 / $166 | 4,262 / 2,525 | 70 / 20 | 0 | 2 |
| 8 Beds | $785,000 | $785,000 | $785,000 – $785,000 | — | — | 15 / 15 | 0 | 1 |
Rental Market Overview
Median Rent
$1,800
0.0%
Median DOM
49
+2.1%
New Listings
10
Inventory
136
0.0%
- Average Rent: $2,164
- Median Rent: $1,800
- Rent Range: $1,100 – $7,507
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,071 / 950
- Square Footage Range: 307 – 3,836
- Days on Market (Avg/Median): 69 / 49
- Days on Market Range: 2 – 341
- New Listings: 10
- Total Listings: 136
Rentals by Property Type
Apartment
$1,800
Median DOM: 69
Inventory: 74
MoM: 0.0%
Condo
$1,875
Median DOM: 28
Inventory: 31
MoM: 0.0%
Single Family
$1,800
Median DOM: 27
Inventory: 24
MoM: 0.0%
Townhouse
$2,850
Median DOM: 73
Inventory: 6
MoM: 0.0%
Apartment
Avg/Median Rent$2,134 / $1,800Range$1,180 – $7,507Rent per Sq Ft$2 / $2Sq Ft920 / 900DOM92 / 69New5Total74
Condo
Avg/Median Rent$1,897 / $1,875Range$1,100 – $2,950Rent per Sq Ft$2 / $2Sq Ft1,008 / 1,000DOM38 / 28New2Total31
Multi-Family
Avg/Median Rent$2,800 / $2,800Range$2,800 – $2,800Rent per Sq Ft$2 / $2Sq Ft1,568 / 1,568DOM36 / 36New0Total1
Single Family
Avg/Median Rent$2,409 / $1,800Range$1,100 – $6,000Rent per Sq Ft$2 / $2Sq Ft1,335 / 1,000DOM36 / 27New3Total24
Townhouse
Avg/Median Rent$2,817 / $2,850Range$2,200 – $3,300Rent per Sq Ft$2 / $2Sq Ft1,675 / 1,734DOM107 / 73New0Total6
Rentals by Bedroom Count
Studio
Avg:$1,591Median:$1,250Range:$1,100 – $2,325PSF:$3 / $3Sq Ft:548 / 500DOM:134 / 6New:1Total:6
1 Beds
Avg:$1,551Median:$1,500Range:$1,100 – $2,250PSF:$2 / $2Sq Ft:735 / 750DOM:38 / 31New:2Total:28
2 Beds
Avg:$1,909Median:$1,800Range:$1,450 – $2,826PSF:$2 / $2Sq Ft:991 / 972DOM:71 / 59New:5Total:69
3 Beds
Avg:$3,060Median:$2,500Range:$2,200 – $7,507PSF:$2 / $2Sq Ft:1,466 / 1,366DOM:81 / 58New:1Total:27
4 Beds
Avg:$4,190Median:$3,500Range:$2,800 – $6,551PSF:$2 / $2Sq Ft:2,152 / 1,800DOM:62 / 40New:1Total:5
5 Beds
Avg:$6,000Median:$6,000Range:$6,000 – $6,000PSF:$2 / $2Sq Ft:3,836 / 3,836DOM:93 / 93New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,591 | $1,250 | $1,100 – $2,325 | $3 / $3 | 548 / 500 | 134 / 6 | 1 | 6 |
| 1 Beds | $1,551 | $1,500 | $1,100 – $2,250 | $2 / $2 | 735 / 750 | 38 / 31 | 2 | 28 |
| 2 Beds | $1,909 | $1,800 | $1,450 – $2,826 | $2 / $2 | 991 / 972 | 71 / 59 | 5 | 69 |
| 3 Beds | $3,060 | $2,500 | $2,200 – $7,507 | $2 / $2 | 1,466 / 1,366 | 81 / 58 | 1 | 27 |
| 4 Beds | $4,190 | $3,500 | $2,800 – $6,551 | $2 / $2 | 2,152 / 1,800 | 62 / 40 | 1 | 5 |
| 5 Beds | $6,000 | $6,000 | $6,000 – $6,000 | $2 / $2 | 3,836 / 3,836 | 93 / 93 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$328,000Median DOM:42New:78Total:291
Nov 2025
Median Price:$338,000Median DOM:42New:65Total:280
Dec 2025
Median Price:$339,000Median DOM:42New:49Total:245
Jan 2026
Median Price:$336,000Median DOM:38New:45Total:221
Feb 2026
Median Price:$340,000Median DOM:27New:54Total:168
Mar 2026
Median Price:$339,900Median DOM:21New:25Total:179
6-Month Rental Trend
Oct 2025
Median Rent:$2,000Median DOM:21New:59Total:135
Nov 2025
Median Rent:$1,950Median DOM:39New:22Total:141
Dec 2025
Median Rent:$1,950Median DOM:43New:34Total:148
Jan 2026
Median Rent:$1,800Median DOM:49New:28Total:138
Feb 2026
Median Rent:$1,800Median DOM:48New:27Total:136
Mar 2026
Median Rent:$1,800Median DOM:49New:10Total:136
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory was flat.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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